Alcoa (AA) : The consensus on Alcoa (AA) based on 12 analyst recommendation on the company stock is 2.04, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Alcoa (AA) : The highest short term price target forecast on Alcoa (AA) is $14 and the lowest target price is $7. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $10.91 with a standard deviation of $2.12.
Alcoa (NYSE:AA): The stock opened at $9.16 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.25 for the day. The stock traded down to $9.03 during the day, due to lack of any buying support eventually closed down at $9.19 with a loss of -0.76% for the day. The stock had closed at $9.26 on the previous day. The total traded volume was 24,564,240 shares.
Also, Equity Analysts at the Morgan Stanley maintains the rating on Alcoa (NYSE:AA). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $11 per share to $12 per share. The rating by the firm was issued on June 30, 2016. The company shares have dropped -11.81% from its 1 Year high price. On Apr 29, 2016, the shares registered one year high at $11.50 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.46 and the 200 Day Moving Average price is recorded at $9.17.
Alcoa Inc. (Alcoa) is engaged in lightweight metals engineering and manufacturing. The Company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Its products, which include aluminum, titanium and nickel, are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications across the world. It also produces and manages primary aluminum, fabricated aluminum and alumina combined, through its active participation in the aspects of the industry, including technology, mining, refining, smelting, fabricating, and recycling. The Company has investments and operating activities in Australia, Brazil, China, Guinea, Iceland, Russia and Saudi Arabia, among others. It produces three dimensional (3D-printed) titanium, specialty metals and plastic parts for aerospace, medical and energy applications.